411 Fairview StReadingPA19605
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Reading at 411 Fairview St, Reading, PA, 19605 priced at $214,900 converts $1,503/mo rent into $95/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,503/mo, and annual cash flow totals $1,136/yr on $71,239 invested. Return on cash invested prints 21.5% in year one, and rental yield reads 8.39% against a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,373 by year five. Five-year ROI reaches 111.89% and total cumulative return in cash sums $79,710. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,503/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1926
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19605, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,856 (100%) |
| Owner Occupied HU | 7,009 (79.1%) |
| Renter Occupied HU | 1,489 (16.8%) |
| Vacant Housing Units | 358 ( 4.0%) |
| Median Home Value | $270,423 |
| Average Home Value | $335,208 |
Housing Distribution
Address Breakdown
Residential
8,259
Single Family
8,072
Multi-Family
187
Businesses
711
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Listed by: Jorge Diaz • Light House Realtors, LLC
Mls Name: Bright MLS
Mls ID: #PABK2064454